TITLE

Former Tarp Banks Lag Peers in SBLF Lending

AUTHOR(S)
Terris, Harry
PUB. DATE
January 2012
SOURCE
American Banker;1/25/2012, Vol. 177 Issue 13, p9
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses information from a U.S. Treasury Department report which supports criticism of the Small Business Lending Fund (SBLF). The report concluded banks that repaid their bailouts from the Troubled Asset Relief Program (Tarp) with SBLF funds increased their lending to small businesses at a lower rate than banks that did not receive Tarp funds.
ACCESSION #
70604095

 

Related Articles

  • Tarp IG: Brace for Indictments in Probes. Terris, Harry // American Banker;7/29/2009, Vol. 174 Issue 144, p16 

    The article presents commentary from Neil Barofsky, special inspector general for the U.S. government's Troubled Asset Relief Program (TARP). Barofsky believes efforts by his staff to identify wrongdoing in the disbursement of $3 trillion of TARP funds will inevitably lead to indictments. Among...

  • TARP casts cloud over Small Business Lending Fund. Czurak, David // Grand Rapids Business Journal;2/22/2010, Vol. 28 Issue 8, p1 

    The article assesses the Small Business Lending Fund (SBLF) proposed by U.S. President Barack Obama. According to the author, the fact that the SBLF funding has come from the Troubled Asset Relief Program (TARP) has made several banks reluctant to participate in the SBLF program. Art Johnson,...

  • AFTER THREE YEARS AND TRILLIONS OF DOLLARS, OUR BANKS STILL DON'T WORK. Gandel, Stephen; Cendrowicz, Leo // Time;9/26/2011, Vol. 178 Issue 12, p40 

    The article discusses the U.S. banking industry from the perspective that bailouts during the global 2008-2009 financial crisis did not lead to economic recovery. The Troubled Asset Relief Program (TARP), credit and real estate markets, and factors contributing to a second wave of banks'...

  • Small Banks in Ailing States Exit Tarp. WITKOWSKI, RACHEL // American Banker;3/14/2011, Vol. 176 Issue 39, p1 

    The article reports on the views of financial executives in the small banking industry about the U.S. Troubled Asset Relief Program (Tarp). The discussion focuses on the government's bait-and-switch approach with program participants, the Capital Purchase Program that produced some loan growth,...

  • Tarp Turns Into Trap For Many Small Banks. Wack, Kevin // American Banker;9/30/2011, Vol. 176 Issue F338, p1 

    The article reports that small banks are struggling to repay their loans from the U.S. Treasury Department's Troubled Asset Relief Program (Tarp). The difficulty that small or community banks have in repaying the Tarp bailout loans in light of the closing of the government's Small Business...

  • Tarp Didn't Work, Tax Holiday Would. Sorrentino 3rd, Frank // American Banker;8/18/2010, Vol. 175 Issue 127, p8 

    The article presents the author's views on the U.S. Troubled Asset Relief Program (TARP) and tax holidays. The evolution of TARP into a capital injection program for the U.S. economy is mentioned. The default in repaying dividends to the TARP program by companies receiving bailouts is noted. The...

  • TCF: Another Bank Bailing Out of Bailout. Kuehner-Hebert, Katie // American Banker;3/4/2009, Vol. 174 Issue 42, p1 

    The article discusses TCF Financial Corp. and the U.S. Treasury Department's capital program. In March 2009 TCF announced that it will be returning the money it was given through the program due to the changes made in the program. William Cooper, chief executive of TCF, states that they want to...

  • Fed Seeks Plans for Repayment. Sloan, Steven // American Banker;11/25/2009, Vol. 174 Issue 212, p16 

    The article reports that the U.S. Federal Reserve Board (Fed) was pushing banks to figure out how they will repay government bailout money while also debating how it would straighten out its own balance sheet, in terms of drawing down its economic stimulus efforts. The Fed told nine banks that...

  • Note to politicos: Recession isn't over.  // Inside Tucson Business;7/19/2010, Vol. 20 Issue 7, p20 

    The author reflects on difficulty faced by small businesses in the U.S. in obtaining credit, and the politicians who supported the Troubled Asset Relief Program (TARP) and will undergo a re-election process in November 2010 after its approval in 2008 by former U.S. President George W. Bush.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics